HOW TO MANAGE YOUR MONEY

Learning effective money management not only enables you to live comfortably within your means, but also helps you to increase your wealth. Use these money management tips to stay in control of your money!

$Set a Money Management Goal
Money management is a means to an end. However, make your goal practical and be sure the “end” is in clear sight. Although your money management goal may be to have a comfortable retirement, start small with objectives like paying off a credit card within X number of months or saving $X by the end of the year. In money management, like in any regimen, there’s nothing like the satisfaction of success to keep you on track!

$Know what you have
Before you can live within your means, you need to know what your means are. Start money management by taking stock of your money. You’ll probably be surprised at how rich you really are!
As well as the cash in your pocket or purse, include piggy bank cash, bank balances, and available credit from credit cards. (Lines of credit, such as overdraft protections and available credit from credit balances, are additional resources we can use to purchase goods and services. At first look, they appear to be a part of our money. However, credit always belongs to the creditor. When we tap into these financial resources, they decrease our spending power over the long haul with finance charges, fees, and interest that increase our debt.)

Go on a treasure hunt to find lost money. Look in coat and trouser pockets, through Birthday and other greeting cards, jewelry boxes, dresser drawers, under furniture cushions, behind and under furniture, in your freezer, and under your mattress!

Although our money is an asset and all of our assets are types of our money, generally we’re more inclined to think of assets as property.

However although all of our possessions are parts of our wealth that we can turn into cash, usually they are the types of our money that we want to protect from creditors. For instance, you probably don’t want to sell your car or cash in a valuable coin collection to pay a bill. Yet, the ability to convert property to cash is a good concept to remember in identifying and effectively managing your money.

Some assets like vehicles and appliances depreciate (decrease in value) over time. Yet, while they don’t increase spending power, you can turn them into cash.

Long-term assets like real estate holdings, investments, and personal property such as collections, artworks, and antiques appreciate (increase in value) over time and actually enable us to save money and increase our wealth.

$Track your income

Really track your income! If you have at least a month’s worth of old check stubs, add them up and divide them to see what your average income is. Better yet, if you can add them for a quarter year and divide by 13 (number of weeks in a quarter) you’ll get a more accurate view of your earning power. If you haven’t saved check stubs, do it for at least four weeks. Don’t just add your weekly wage times four. You’ll be forgetting sick days, flat-tire days, and omitting extra income from overtime and holidays.

$Track your spending
Once you know what money you have now and what income you can expect to get, it’s time to find out where your money goes. Take a month and track your spending down to the penny. Make your first purchase a small notebook and pen you can carry in purse or pocket.
Record everything! In addition to tracking the cash you spend, use your notebook to record every bill payment, check, debit, and credit card expenditure. Include the amount you paid, who you paid (or where you shopped), and the date you made the purchase.

After a couple of weeks, you’ll find yourself reconsidering if you really need that pack of gum or mid-morning café latte. However, this money management exercise is designed to show you how you usually spend your money. It’s important during this month not to deny yourself your usual pleasures, no matter how trivial they are.

Setting a realistic goal, knowing what you have, what you expect to earn, and tracking your spending are the basics of money management that enable you to control your money and make wise budgeting choices in the future.

GET TRAFFIC THROUGH BLOGRUSH

BLOGRUSH is a new but popular traffic exchange program for english language blogs on different niches/categories. You too can SIGN UP FOR FREE AT BLOGRUSH to GET TRAFFIC to your blogs. What you have to do is nothing but put their widget - a piece of JAVASCRIPT in to your blog and watch traffic coming. bellow are description of how blogrush works and how to get more traffic from it. This is both a tip and a review too.

How Does The BlogRush Stuff Work
You place their WIDGET (a piece of javascript) in sidebar or any place of your blog which shows titles with links to different blogs who have a account at blogrush and you earn a single Blogrush credit or point for each page view of your blog with the blogrush widget showing (this is important). Suppose you get x credits because of x page views your blog receives (with this widget enabled) then your blog posts especially latest blog posts/headlines would be shown in blogrush widgets that appear in other blogs. And suppose you have x points or credits in your blogrush account then latests posts (headlines) from your blog would be shown x times in the blogrush widgets of other blogs of your niche(you choose the niche) So your post/headlines get a pageview for every credit/point you get in your blog rush account but. That is how blogrush works, It would provide traffic to your blog if your posts/headlines at widgets of other blogs would receive clicks. You earn 1 point for every page view the widget at your blog gets and 3 points for referring others to them and also you get some % of pints of your referrals (down levels).

HOW TO START WITH
Sign Up for free at BLOGRUSH and add your blog to it. Category which you choose while adding your blog is important as your posts/traffic would be generated from same niche blogs. Also you can edit it in settings when you want. In dashboard you would get the stats - no. of credits you have earned, number of impressions your blogposts have received for the credits you have. Also you can see the balance credits and clicks, traffic to your blogs referrals referral points but the reports page is still under construction.


DO YOU GET TRAFFIC USING THIS
Just installed it now and my posts have got many impressions in exchange of impressions I’ve given to posts appearing at the widgets (you can check the sidebar) but that’s just impression to my posts but CLICK THROUGH RATE might not be high and your posts@the widget may get 1000 impressions but any one would not click the posts so no traffic here.


TIPS TO GET MORE TRAFFIC FROM BLOGRUSH
Attractive post titles so that all the page views or impressions yourposts@widgets get would be converted to clicks. Since in the blogrush widgets post titles are shown, if they would seem attractive to users looking for same niche (because you select the niche keywords where your posts would be shown) they would click on the title appearing on the widget to read your blogpost. So your blog gets traffic.
Restrict the post title to about 35 chars as 20 chars of title are shown in each line for the post in the widget and total 2 lines for the total post title. So make about first 25-40 chars of the post titles very attractive to the point.
In settings check if your blog is added to correct category or not. Your posts would appear on widgets in blogs of this category which you select. You select most targeted niche to get targeted TRAFFIC to your blog.
Other tips coming soon please comment


HOW CAN MY BLOG’S PAGE VIEWS BE DOUBLED
If you give x page views to blogrush widgets in your blog and get x points to your account. Now your posts would be shown x times at widgets at different blogs, hence get x impressions, and if these x impressions get converted to clicks i.e. visits to your blogs x times you get x visitors but click through rate is very less here (may improve).

RIGHT TIME FOR INVESTMENT

Reliance has done his job, Reliance Power IPO subscribed nearly 7 times and by this 2 lakh DMAT account were opened, its really amazing now it is time for new IPO, Do u know what i gonna tell you, yes its time for BSNL. Bharat Sanchar Nigam Ltd, the state-owned telecom company, is planning the sixth-largest initial public offering (IPO) ever in the history of the world. It intends to garner as much as $10 billion, or Rs40,000 crore.

we should invest now, it is best time for invest but nothing can be farther from the truth and this will be clear from the way the market behaves in the next few months. Here are a few tips that would hopefully save you from losing a lot of cash in the current frenzy.

The number one tip at this point would be to sell if you have stocks and not to buy them if you have cash. The golden principle in the markets is “Buy when everyone else sells and sell when everyone else buys”. Simple enough right? Not really.
Why? Because of peer pressure pure and simple. When everyone else around you seems to be having a ball at the markets you would feel like a fool if you didn’t participate now.
OK so you can’t resist buying at this time then at least do yourself a favor and stay away from unknown Penny Stock and hot tips that your barber gave you. True that the stock has tripled in the last fifteen days but that was before people like your barber started buying the stock. Chances are that the Promoter of the company have started buying into the stock and have spread rumors like acquisition or a big export order to fool investors and sell out to them at a later date.


Another tip that would serve useful is to value a stock based on its future growth and not its past performance. For instance many investors say that I will not buy stocks of X company because it has doubled in the last year. Well it may have doubled in the last year but that should not be the thing you should be telling yourself. Rather you should ask yourself why has this doubled in the last year and can it do so again? There should be a solid answer to your question like the launch of a new product or reduction in the prices of raw material. And indeed if the answer is in the positive then by all means go ahead and buy that stock regardless of what has happened in the last year.


Next tip would be to remember what you are buying. Quite simply investors often forget that when buying a stock they are simply buying ownership in the companies. Most of you would know that nothing spectacular would happen in the company that you work for, in a month, they are not going to double their revenues and certainly not double your salary every month. Then why expect anything different from the companies that you are investing in. Why expect the prices to double in a month or two. Give time to your investments; don’t reduce it to a gamble. Only when you invest in fundamentally sound companies and then give the investments sufficient time to grow will you see some healthy returns on your investments. Ideally a minimum horizon of one year is a good time.